Page 60 - Prosper Investor Quarterly Report Academic Year 2021-2022 Quarter 2

Baltimore Properties I, LLC
Prosper on Fayette
13 Month Trend Report
Managed by RISE Residential
As of January 31, 2022

Prior Year Rolling 12
01/31/2021 01/31/2022 12/31/2021 11/30/2021 10/31/2021 09/30/2021 08/31/2021 07/31/2021 06/30/2021 05/31/2021 04/30/2021 03/31/2021 02/28/2021 Month Total
REVENUE

GROSS RENTAL INCOME 0 418,970 417,460 419,345 418,527 421,483 419,650 0 0 0 0 0 0 2,515,437
COST OF LEASING 0 (179,119) (181,642) (181,302) (195,852) (334,637) (396,432) 0 0 0 0 0 0 (1,468,985)
NET RENTAL INCOME 0 239,851 235,818 238,043 222,675 86,846 23,218 0 0 0 0 0 0 1,046,452
OTHER INCOME 0 24,163 33,177 21,332 28,711 7,110 13,255 0 0 0 0 0 0 127,748

TOTAL INCOME 0 264,014 268,995 259,375 251,386 93,956 36,473 0 0 0 0 0 0 1,174,200
CONTROLLABLE EXPENSES

PAYROLL OFFICE 0 18,154 17,668 22,514 17,892 13,733 21,642 0 0 0 0 0 0 111,604
PAYROLL MAINTENANCE 0 8,786 8,572 7,432 5,041 5,000 5,000 0 0 0 0 0 0 39,831
PAYROLL RELATED EXPENSES 0 5,279 4,030 4,308 3,583 3,019 4,593 0 0 0 0 0 0 24,811
TOTAL PAYROLL 0 32,219 30,270 34,254 26,516 21,752 31,235 0 0 0 0 0 0 176,246

GENERAL & ADMINISTRATIVE 0 12,896 10,039 9,740 8,053 11,703 15,872 0 0 0 0 0 0 68,304
CONTRACT SERVICES 0 12,184 2,865 (3,299) 10,218 2,321 3,192 0 0 0 0 0 0 27,479
TURNOVER EXPENSE 0 180 0 0 0 0 0 0 0 0 0 0 0 180
REPAIRS & MAINTENANCE 0 1,921 519 316 1,542 2,879 8,364 0 0 0 0 0 0 15,542
MARKETING & LEASING 0 7,613 7,056 10,690 11,168 12,834 12,415 0 0 0 0 0 0 61,776
UTILITIES 0 31,692 22,691 25,937 34,254 12,755 15,468 (362) 0 0 0 0 0 142,435
MANAGEMENT FEES 0 9,269 9,415 8,495 8,414 1,583 1,522 0 0 0 0 0 0 38,698

TOTAL CONTROLLABLE EXPENSES 0 107,974 82,855 86,133 100,165 65,827 88,068 (362) 0 0 0 0 0 530,660

CONTROLLABLE CASH FLOW 0 156,040 186,140 173,242 151,221 28,129 (51,595) 362 0 0 0 0 0 643,539
TAXES & INSURANCE 0 31,515 32,784 32,783 32,783 28,781 29,973 0 0 0 0 0 0 188,621

NET OPERATING INCOME 0 124,525 153,356 140,459 118,438 (652) (81,568) 362 0 0 0 0 0 454,918
CASH FLOW BEFORE DEBT SERVICE 0 124,525 153,356 140,459 118,438 (652) (81,568) 362 0 0 0 0 0 454,918

DEBT SERVICE 0 60,770 56,972 56,972 58,871 55,156 0 0 0 0 0 0 0 288,741
CASH FLOW AFTER DEBT SERVICE 0 63,755 96,384 83,487 59,567 (55,808) (81,568) 362 0 0 0 0 0 166,178
CAPITAL EXPENDITURES 0 13,028 (76) 4,695 0 1,110 0 (227) 0 0 0 0 228 18,757

CASH FLOW BEFORE DEPREC/AMORT 0 50,727 96,460 78,792 59,567 (56,918) (81,568) 589 0 0 0 0 (228) 147,420
DEPRECIATION/AMORTIZATION 0 137,666 137,540 137,447 136,281 0 0 0 0 0 0 0 0 548,934

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